US based private equity fund Pegasus Capital Advisors, through one or more affiliates, has acquired the Bangkok-based luxury resort and spa management business of Six Senses Resorts & Spas for an undisclosed sum. Following the terms of the binding agreement signed in April 2012, Pegasus now holds the rights to the Six Senses and Evason resort and spa management contracts and related intellectual property. The newly acquired assets will be operated by Sustainable Luxury Holdings (BVI) Limited, a newly-formed company managed by Pegasus.
Patu Keswani plans to expand The Lemon Tree Hotels chain aggressively by adding 2,000 rooms in the next two years. In a slightly time, he plans to have an inventory of 8,000 owned rooms by 2015. The development especially comes after the world’s largest pension fund managers, the Netherland based APG with assets of nearly $400 billion dollars chose the company for its first Indian investment. In two part investment the fund took a 5.6 per cent stake in the hotel chain and set up a joint venture called Fleur Hotels which will own and manage hotels.
Mark Hoplamazian was a freshly minted MBA graduate when consummate dealmaker Jay Pritzker hired him to work on new investments and acquisitions in 1989. Almost immediately, the 25-year-old grandson of Armenian Christian immigrants found himself in an awkward position within the tightly knit Jewish family business. "He came in and nobody could spell or pronounce 'Hoplamazian,'
The average price of a hotel in London has risen by 26 percent compared to July 2011. One night in the capital will cost an average of 210 pounds, which is 114 pounds more than the average price of a hotel in the rest of Europe (96 pounds). Whilst hotel prices in the UK and Ireland are up, prices are simultaneously dropping across the rest of Europe and overnight accommodation is on average 10 pounds cheaper compared to June.
As more users access websites and make purchasing decisions via mobile devices, it is becoming increasingly important for brands to offer a simple and compelling mobile experience for their users. Along with the surge in mobile traffic, advancements in mo Does your Hotel Need a Mobile Website or a Mobile App?As more users access websites and make purchasing decisions via mobile devices, it is becoming increasingly important for brands to offer a simple and compelling mobile experience for their users. Along with the surge in mobile traffic,
One of the most revolutionary trends happening in hotel technology right now is the use of social media data and customer review analytics in optimizing distribution and maximizing revenue growth. For many of the hotel companies we work with – from small boutique collections to the world's largest brands – this is the missing piece in the social ROI puzzle.
NEWS| Foremost Hospitality lays foundation stone for their new Holiday Inn Express Hotel in Heidelberg, Germany
NEWS | Marriott International Announces its First Hotel in Sri Lanka - The Weligama Bay Marriott Resort & Spa
Marriott International has signed an agreement with Weligama Hotel Properties Ltd., a fully owned subsidiary of East West Properties PLC, to open a hotel in Sri Lanka, the Weligama Bay Marriott Resort & Spa in 2014 – this will be Marriott's first property on the Indian Ocean island. The 200-room, 11-storey Marriott Weligama Resort and Spa,
NEWS | DoubleTree by Hilton and Rim Hospitality Unveil Multi-Million Dollar Hotel in Downtown Los Angeles
The Tune Hotel Paddington has just opened and we’ve already visited the budget property for an exclusive tour. On arrival, we were greeted by the hotel’s friendly receptionists, pictured standing proudly in front of their new sign.